Deutsche Bank AG Increases Stake in Expeditors International of Washington, Inc. (NASDAQ:EXPD)

Deutsche Bank AG lifted its holdings in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 889,741 shares of the transportation company's stock after acquiring an additional 182,566 shares during the period. Deutsche Bank AG owned 0.64% of Expeditors International of Washington worth $98,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. First Eagle Investment Management LLC increased its stake in Expeditors International of Washington by 32.0% in the 4th quarter. First Eagle Investment Management LLC now owns 4,070,429 shares of the transportation company's stock valued at $450,881,000 after buying an additional 987,233 shares during the period. Boston Partners grew its stake in shares of Expeditors International of Washington by 29.7% during the 4th quarter. Boston Partners now owns 3,797,712 shares of the transportation company's stock worth $420,693,000 after purchasing an additional 869,637 shares during the period. Geode Capital Management LLC grew its stake in shares of Expeditors International of Washington by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,392,307 shares of the transportation company's stock worth $374,771,000 after purchasing an additional 57,736 shares during the period. First Trust Advisors LP grew its stake in shares of Expeditors International of Washington by 33.8% during the 4th quarter. First Trust Advisors LP now owns 2,734,816 shares of the transportation company's stock worth $302,936,000 after purchasing an additional 690,539 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Expeditors International of Washington by 10.6% during the 4th quarter. Invesco Ltd. now owns 2,463,431 shares of the transportation company's stock worth $272,874,000 after purchasing an additional 235,409 shares during the period. 94.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPD has been the topic of a number of recent analyst reports. StockNews.com cut shares of Expeditors International of Washington from a "buy" rating to a "hold" rating in a research note on Sunday, February 16th. TD Cowen lowered their price target on shares of Expeditors International of Washington from $112.00 to $107.00 and set a "sell" rating on the stock in a research note on Wednesday, May 7th. Barclays lowered their price target on shares of Expeditors International of Washington from $110.00 to $105.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of Expeditors International of Washington from $114.00 to $108.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. Finally, Susquehanna upped their price target on shares of Expeditors International of Washington from $115.00 to $120.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $113.89.

Expeditors International of Washington Stock Up 0.5%

Shares of Expeditors International of Washington stock traded up $0.56 on Thursday, hitting $114.83. The company's stock had a trading volume of 936,573 shares, compared to its average volume of 1,274,006. Expeditors International of Washington, Inc. has a 52-week low of $100.47 and a 52-week high of $131.59. The firm has a fifty day moving average price of $112.39 and a 200-day moving average price of $114.79. The company has a market capitalization of $15.73 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09.

Expeditors International of Washington Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.77 dividend. The ex-dividend date is Monday, June 2nd. This is a positive change from Expeditors International of Washington's previous semi-annual dividend of $0.73. This represents a dividend yield of 1.4%. Expeditors International of Washington's payout ratio is currently 25.58%.

Insider Buying and Selling

In other Expeditors International of Washington news, VP Jeffrey F. Dickerman sold 1,250 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $117.54, for a total value of $146,925.00. Following the transaction, the vice president now directly owns 7,296 shares in the company, valued at approximately $857,571.84. This represents a 14.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.69% of the company's stock.

About Expeditors International of Washington

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.